Ripple (XRP/USD) forecast and analysis on October 18, 2018

Cryptocurrency Ripple (XRP/USD) is trading at 0.4580. Cryptocurrency quotes are trading above the moving average with a period of 55, which indicates the presence of a bullish trend for Ripple. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator. The test is expected at the level of 0.4420, from which one can expect an attempt to continue the growth and further development of the upward trend with a target near the level of 0.5100.

Ripple (XRP/USD) forecast and analysis on October 18, 2018

Ripple (XRP/USD) forecast and analysis on October 18, 2018

The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 0.3950. Cancellation of the option of continuing Ripple growth will be a breakdown of the lower boundaries of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and closing of the pair quotes below the 0.3800 area, indicating a change in trend in favor of the bearish XRP/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of growth.

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